The impact of hierarchical differentiation on team effectiveness is heavily discussed in scientific research with strong argumentslined up on both the pro and the contra sides. To contribute to this debate, I investigated the relationship between a specificfacet of hierarchical differentiation,...

This study examines the too-big-to-fail expectations in the primary market issuance spreads of commercial bank tier-2 capital bonds and additional tier-1 capital bonds in China. Using a sample of 574 issuances with total amount of 4.76 trillion RMB (749 billion USD), we conduct median...

Government bond yield futures and related option contracts contain information on the asymmetry of interest rate risks. We construct probability distributions of marketimplied bond yield expectations up to 90 calendar days ahead between January 2018 and December 2023. We derive daily...